Milner Company is working on two job orders. The job cost sheets show the following Job 201 Job 202 Direct materials $7.200 $9,000 Direct labor 4,000 8.000 Manufacturing overhead 5,200 9,800 Prepare the three summary entries to record the assignment of costs to Work in Process from the data on the job cost sheets. (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit (a) (To assign materials to jobs) (b) (To assign labor to jobs) (c) (To assign overhead to jobs)
Milner Company is working on two job orders. The job cost sheets show the following Job 201 Job 202 Direct materials $7.200 $9,000 Direct labor 4,000 8.000 Manufacturing overhead 5,200 9,800 Prepare the three summary entries to record the assignment of costs to Work in Process from the data on the job cost sheets. (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit (a) (To assign materials to jobs) (b) (To assign labor to jobs) (c) (To assign overhead to jobs)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Milner Company is working on two job orders. The
|
Job 201
|
Job 202
|
|||
| Direct materials | $ 7,200 | $ 9,000 | ||
| Direct labor | 4,000 | 8,000 | ||
| Manufacturing |
5,200 | 9,800 |
Prepare the three summary entries to record the assignment of costs to Work in Process from the data on the job cost sheets. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
|
No.
|
Account Titles and Explanation
|
Debit
|
Credit
|
|
(a)
|
|
|
|
|
|
|
|
|
|
(To assign materials to jobs)
|
|||
|
(b)
|
|
|
|
|
|
|
|
|
|
(To assign labor to jobs)
|
|||
|
(c)
|
|
|
|
|
|
|
|
|
|
(To assign overhead to jobs)
|
Transcribed Image Text:O Chapter 15 Homework
O NWP Assessment Player UI Appli x
b Gala Company is a manufacturer
A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=21ac72be-105f-4992-a03f-6327a6b1960c#/question/1
Paused
+ Chapter 15 Homework
Question 2 of 15
>
-/1
Milner Company is working on two job orders. The job cost sheets show the following.
Job 201
Job 202
Direct materials
$7,200
$9,000
Direct labor
4,000
8,000
Manufacturing overhead
5,200
9,800
Prepare the three summary entries to record the assignment of costs to Work in Process from the data on the job cost sheets. (Credit
account titles are automatically indented when amount is entered. Do not indent manually.)
No. Account Titles and Explanation
Debit
Credit
(a)
(To assign materials to jobs)
(b)
(To assign labor to jobs)
(c)
(To assign overhead to jobs)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education